BUSINESS

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Global energy markets have been shaken after oil prices surged above $100 per barrel for the first time since May, driven by escalating tensions in the Middle East and renewed concerns about the stability of global energy supplies.

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Stripe and private equity firm Advent International have submitted a joint offer to acquire PayPal for $60.50 per share in a deal that would value the struggling payments giant at more than $53 billion, sources familiar with the matter confirmed Wednesday. PayPal shares surged as much as 17% on the news.

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Numbers can tell a story. Amazon founder Jeff Bezos believed they could also tell the wrong one. When customer complaints didn't match what his team's reports were saying, he decided there was only one way to settle the debate.

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Warren Buffett has once again demonstrated his commitment to philanthropy, but this year's donation strategy marks a significant departure from a pattern that has defined much of his charitable giving for nearly two decades.

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Chili's Grill & Bar is embracing its history as it prepares for a new era of expansion, proving that sometimes the best way forward is by looking back. The iconic American restaurant chain is rolling out a redesigned restaurant concept that revives many of the features customers fondly remember from decades past.

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Chipotle Mexican Grill is taking a bold step by opening its first restaurant in Mexico, marking a significant moment for the American fast food chain and creating considerable debate among consumers.

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Microsoft's latest wave of layoffs has sent shockwaves through the gaming industry, leaving thousands of employees uncertain about the future of Xbox and its network of development studios.

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Apple has launched a legal assault on OpenAI. The iPhone maker accuses its former partner of stealing trade secrets to build rival consumer hardware products. The lawsuit was filed Friday in federal court in Northern California.